1) $MFGP CEO stepping down amid sales slump (12.69)
Stock Gapping down -$2 nibble small long at $10.50 room to $10 spot at the open if it comes looking for the stock to rebound back to $11-$11.50 then grind out and be done with it, if the stock pulls hard at the open watch the $9.50-$10 spot shorts should come in and cover down there. for a decent rebound
2) $LK Needham out with a BUY rating and $40 PT (31.35)
Stock Gapping up +3.00 would take a few short at $34 area room to $35-$35.50 pop at the open look for $LK to sell off on profit-taking back down to $32 – $32.50 more it pops at the open better the range for is on the pullback. $LK has a habit of selling off there gaps
3) $WW Goldman out with an upgrade $48 PT from $26 (34.55)
Stock Gapping up +2.75 would nibble small short at $37.40 area room to $39 top it off then look to gap fill this back down to $35.50 – $36 area or under then bottom curl it then look for slow all day move back to pre-market highs. Should be fun and have range
4) $CNC Earnings Miss (62.88)
Stock Gapping down -$3 Like the BUY area of $60 spot room to $58 watch for bottom curl on this think the stock rebounds back to $61.75-$62.25+ then slow fader back down to lows, if this yanks at the open I would be a buyer at the $58 bottom curl level, think this rebounds back so more it pulls better the range for us on the upside for 1-3 points
5) $LITE Earnings Beat (77.22) Revs inline
Stock Gapping up +$5 would nibble small short at $82.50-$83 area room to $84.50 watch for topping look for the stock to pull back to $78.50-$79 area on profit-taking then look for bottom curl then slow all day move to the upside if this pulls and dumps at the open watch for the $78.50-$79 and under bottom curl, it then slow all day move to the upside
6) $RL Earnings Beat (113.26)
Stock Gapping up +$10 like to see this pop a little more at the open towards $126-$127+ area watch for topping then look for slow gap-fill sell-off to $115-$116 and under, more it pops at the open better the range on the pullback for us. If this snaps at the open $120 chase it down a few to $115-$116 then cover, bottom curl it then slow all day move back to pre-market highs and more
7) $TTD Gaping up on Market UP (274.02) Go to Stock
Stock Gapping up +$5 love to see this pop at open over $282-$284+ area watch for topping then look for a nice gap-fill pullback to $275-$277 on it then bottom curl then slow all day move to the upside if this pulls or yanks at the open towards $275-$277 and under bottom curl it then slow all day move to the upside
8) $NFLX Gaping up on Market up (358.00) Go to Stock
Stock Gapping up +$3.90 like to see a little more pop at the open towards $364-$366 then look for a nice 3-5 point gap-fill pullback then bottom curl it then slow all day move to the upside if this yanks at the open would love to see $356-$358 area bottom curl it then slow all day move to the upside
9) $SHOP Gaping up on Market up (469.39) Go to stock
Stock Gapping up +8 like to see small pop at the open towards $480-$483+ watch for topping on it then look for a nice gap-fill pullback to $470-$472 and under, bottom curl then slow move to the upside, DOW up over 300pts stock has room to push so just be patient on the topping but once we get it, we get 5-8 points on the downside for profit-taking
10) $TSLA UNREAL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Just Unreal (780.00)
Stock Gapping up +$120 Like to see small pop at open to $920+ area then take a small short look for a nice 20-30 pt gap-fill short back down to $820-$840 area then bottom curl it then off to new highs. If this snaps at open and breaks $860 support smash it down another -20 pts cover and look for the stock to make a run. Higher it pops at the open better the range, JUST BE CAREFUL, EVERYONE WANTS TO SHORT THIS MORE THEY WANT IT, MORE IT PUSHES TOWARDS $1000
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Notable Calls:
$ULTA Gapping up on Market up and upgrade yesterday (274.96) NO MM’s on it yet Gaping up +5 would love to see rip at open to $280-$282 watches for topping scale in a few short and look for a nice gap-fill profit-taking back down to $276 and under then bottom curl it then slow all day move to the upside if this yanks at the open watch the $276 area as bottom
$ZM Gapping up on Market up (87.66) Gaping up +3.50 Nibbled small short at $91.15 room to $93 at the open looking for a pullback to $89 area and under then bottom curl then another leg up, this is up over 15 points in 24 hours stock needs to relax a little but right now just scale short for me for 1-2 points and nothing more
$DGLY former scraper pump runner awarded 3-year body camera contract (.96) Gapping up +1.00 would not buy this crap unless stock opens above $2.25+ with serious volume then quick push to $3 then look for topping then slow all day fader back down towards $1.30 and under, if small pop at the open and lower lows set in, look for the stock to slow fade all day long back down
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